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India's power generation grew by 5.2 from 73.3 billion units in December 2011 to 77.1 billion units in December 2012.
At current usage levels, Indias coal reserves are projected to run out in 45 years. India already imports more than 15 percent of its coal for electricity generation.
The Future of Solar Energy in India By 2050, Solar energy alone will produce 1.3 times the current energy production of the country. By 2020, there will be cost parity between solar energy and conventional grid power, This initiative will far exceed India's plans for nuclear power generation and dwarf current solar energy leaders in domestic market size and export manufacturing.
The lack of access to energy is a key challenge in Indias growth story, with approximately 400 million people having no access to electricity and another 400 million having limited access. Solar energy, with its inherent applicability of being modular and environment friendly, can help in transforming the lives of millions.
Solar is the most secure of all energy sources, since it is abundantly available in India. With crippling electricity shortages, the price of electricity traded internally touched Rs. 7 a unit for base loads and Rs. 8.50 during peak periods. The 12th Plan envisages 29,800 megawatts (MW) in capacity addition through renewable sources. The Jawaharlal Nehru National Solar Mission, launched in 2010, anticipates that grid parity will be achieved by 2022 and parity with coal-based thermal power by 2030.
To increase per capita consumption to 1,000 kWh by 2012. This translates into a required generation capacity of 800GW compared to 160GW today.
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